. Purchase of goods on cash, ₱150,000 b. Sale of goods on cash, ₱330,000 c. Paid utilities, ₱30,000 d. Borrowed ₱100,000 from China bank e. Paid rent ₱10,000 f. Sold equipment for cash ₱100,000 g. Owner withdraws investment ₱10,000 h. Paid suppliers, ₱10,000 Assuming that the cash balance at the beginning of June is ₱188,000, prepare a Statement of Cash flow for the month using the direct method.

. Purchase of goods on cash, ₱150,000 b. Sale of goods on cash, ₱330,000 c. Paid utilities, ₱30,000 d. Borrowed ₱100,000 from China bank e. Paid rent ₱10,000 f. Sold equipment for cash ₱100,000 g. Owner withdraws investment ₱10,000 h. Paid suppliers, ₱10,000 Assuming that the cash balance at the beginning of June is ₱188,000, prepare a Statement of Cash flow for the month using the direct method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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